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Francois Hollande will not be inaugurated as France's president until May 15, but German Chancellor Angela Merkel is already pouring cold water on the signature promise of his campaign. Proclaiming that "Germany doesn't decide for all of Europe," Hollande had vowed to renegotiate a German-backed fiscal pact designed to shrink the budget deficits of European Union members by employing harsh austerity measures — spending cuts and tax hikes — that are now taking a heavy toll on voters and slowing economic growth.read more

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German Chancellor Angela Merkel said she would welcome French president-elect Francois Hollande “with open arms”. |||
German Chancellor Angela Merkel said on Monday she would welcome French president-elect Francois Hollande “with op... Read Post

Francois Hollande takes oath of office as France's new president. He will travel to Germany today to meet with German Chancellor Angela Merkel to discuss a European austerity package which he wants to amend. Read Post